This clever solution for storing knives in the kitchen keeps them in easy reach and also frees up some space: Mount your knives under the top cabinets using a magnetic knife block.

Kaela's solution on her Local Kitchen Blog shows the handles facing out to make it easy to grab the right knife (it helps that she has uniquely-handled knives, though). This way of storing your knives makes more sense than using a wall-mounted knife rack, which makes you move things out of the way to get to your knives, or a knife block which takes up precious counter space.